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Taobao and Tmall Group

China’s Black Myth: Wukong mania lifts sales of Sony’s PS5 console, other gaming hardware

by Anas Siddiqui
China’s Black Myth: Wukong mania lifts sales of Sony’s PS5 console, other gaming hardware

He added that his bricks-and-mortar store on Tuesday received more than dozen inquiries about the PS5’s availability. Sony’s flagship store in Shanghai’s upscale Huangpu district on Tuesday saw its stock …

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Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth

by Anas Siddiqui
Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth

About 185 brands – including major smartphone vendors Apple, Xiaomi and Huawei Technologies – have each achieved more than 100 million yuan (US$13.8 million) in gross merchandise value, while 37,000 …

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Alibaba e-commerce unit’s latest executive reshuffle sees veterans retire as younger leaders take over

by Anas Siddiqui
Alibaba e-commerce unit’s latest executive reshuffle sees veterans retire as younger leaders take over

Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Taobao …

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Pinduoduo heats up price war during China’s 618 shopping festival with tool for merchants to quickly adjust cost of goods

by Anas Siddiqui
Pinduoduo heats up price war during China’s 618 shopping festival with tool for merchants to quickly adjust cost of goods

The novel system, which Pinduoduo rolled out on Wednesday, provides merchants on the platform a fast and intelligent way to “keep pace with [the pricing strategy of] competitors”, according to …

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Alibaba flagship website Taobao begins largest revamp in years as e-commerce giant sharpens focus on user experience

by Anas Siddiqui
Alibaba flagship website Taobao begins largest revamp in years as e-commerce giant sharpens focus on user experience

Alibaba Group Holding is carrying out a major revamp of the webpage of its flagship e-commerce platform Taobao ahead of China’s second-largest online shopping festival, as the internet retail giant …

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Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

by Anas Siddiqui
Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions …

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Alibaba-controlled hypermarket operator Sun Art appoints new CEO amid restructuring and rising competition

by Anas Siddiqui
Alibaba-controlled hypermarket operator Sun Art appoints new CEO amid restructuring and rising competition

Sun Art Retail Group, controlled by Alibaba Group Holding, has appointed a new chief executive as the e-commerce giant continues to consolidate its retail assets amid a restructuring and rising …

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Alibaba’s South Asian e-commerce unit Daraz to conduct new round of lay-offs

by Walter Watson
Alibaba’s South Asian e-commerce unit Daraz to conduct new round of lay-offs

“Reluctantly, we will bid farewell to many valued members of the Daraz family,” acting chief executive James Dong said in an internal memo published on the company’s website on Tuesday. …

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

by Anas Siddiqui
China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major …

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Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

by Anas Siddiqui
Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

The Taobao and Tmall Group (TTG) unveiled the new AI features, which are designed to improve services and attract new customers, at its “sellers’ conference” held on Tuesday in Hangzhou, …

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